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ARTICLE · 03 MAY 2016

Possible Implications Of Brexit In Competition Law

Fieldfisher
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It should be noted that implications of a Brexit vote will be dependent upon the outcome of the exit negotiations that would take place following the submission of Britain's notice to leave the EU.

United KingdomAntitrust/Competition Law
Charles Whiddington
Charles Whiddington
John Cassels
John Cassels
Nick Pimlott
Nick Pimlott

General

  • It should be noted that implications of a Brexit vote will be dependent upon the outcome of the exit negotiations that would take place following the submission of Britain's notice to leave the EU (e.g. will Britain remain in the single market at least to some extent?).
  • Post-Brexit, any UK businesses which offer or propose to offer goods or services in the EU will continue to be bound by EU competition law.
  • UK competition law is largely based on EU Competition law legislation and is unlikely to change fundamentally as a result of Brexit.
  • The EU would lose its legal jurisdiction over UK law.
  • The UK would no longer be able to have input in shaping EU competition law and would no longer be able to contribute to the decision-making process for Commission cases.

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